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Russia faces a wave of bankruptcies as borrowing costs skyrocket
(www.intellinews.com)
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this post was submitted on 12 Nov 2024
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If only there was some sort of stopping a 2 year long failed invasion based plan that could resolve this.
Even that wouldn't resolve it now. All it would do is stop it from getting even worse. It is way to late to resolve it.
Stopping now would make it worse actually. Russia has retooled for wartime production and is currently running massive government deficit spending for war goods, which is why inflation and interest rates are so high.... if they were to back down, their interest rates would drop, but the bottom falling out of government spending would really crash things because almost every private enterprise is catering to those needs. Putin can't stop now or his country riots in breadlines.
The good old Nazi Germany plan - get your rich cronies to pay for everything and assure everyone that the spoils of war will more than pay them back.